Search results for HonestAI
Finance
Toss online investment-linked financing push faces scrutiny over conflict of interest
Concerns mounted at a parliamentary audit over fintech platform Toss\' plan to enter online investment-linked finance, with lawmakers warning of potential conflicts of interest and market distortion. They said a large financial platform could affect a market developed by smaller fintech firms, especially if Toss supplies loan products while running a loan comparison platform. Lawmakers urged regulators to review rules and governance issues. The Financial Services Commission chairman said he would revisit the concerns.
Finance
6 online lending firms call for standards for big conglomerate and large platform entry
Six online investment-linked lending firms that participate in financial institution-linked investments said separate standards are needed as major conglomerates and large financial platforms and institutions prepare to enter the sector. They said conflicts of interest and distorted competition could arise, especially if a powerful group runs both loan comparison and brokerage services and online lending. They also said current caps and approval procedures limit new funding, risking intensified competition for limited resources.
AI & Enterprise
HonestAI signs MOU with Mongolia\'s Nubisoft to supply LendingIntelligence AI solution
HonestAI, a financial AI transformation company, said on Tuesday it has signed a memorandum of understanding with Mongolian financial IT company Nubisoft to supply AI-based credit solutions in Mongolia. HonestAI said it will provide core technology for its loan-focused AI solution, LendingIntelligence. Nubisoft will conduct proof-of-concept work for adoption by local financial institutions and the two companies will pursue joint market entry.
